China's Geely buying $9 billion stake in Daimler - Bloomberg

Reuters Staff

2 Min Read

(Reuters) - China’s Zhejiang Geely Holding Group Co is buying a stake worth about 7.5 billion euros (6.61 billion pounds)in Daimler AG (DAIGn.DE) to become the largest investor in the German automaker, Bloomberg reported, citing people familiar with the matter.